Concerns about the lack of available oil on the market have faded, but it may be the calm before a storm triggered by U.S. sanctions, a market report found. “Concerns about the stability of oil supply have cooled down somewhat, at least for now,” the monthly market report from the International Energy Agency read. Libyan oil production was sidelined mid-summer by conflict in the country’s western oil belt, adding to concerns about a steady loss of output from Venezuela. In July, meanwhile, Swiss investment bank UBS found spare capacity, the amount of oil a producer can add to the market in short order, could fall to a 10-year low within the next […]